CSOP BLOOMBERG CHINA TREASURY + POLICY BANK BOND INDEX ETF RELAUNCHED

KUALA LUMPUR, Nov 16 (Bernama) -- CSOP Asset Management Limited (CSOP) has relaunched its first fixed income ETF— CSOP Bloomberg China Treasury + Policy Bank Bond Index ETF (RMB Counter Stock Code: 83199, HKD Counter Stock Code: 3199) by introduction of ICBC Asset Management (Global) Company Limited (ICBC AM (Global)), a wholly-owned subsidiary of Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)), as the non-discretionary adviser.

Chief Executive Officer of CSOP, Ding Chen said: “We firmly believe that with the support of ICBC AM (Global), we will bring 83199.HK/3199.HK to a new level, enabling more investors to gain benefits from investing in China onshore government bonds market.”

The relaunch has already attracted sizable additional investments from multiple institutional investors, boosting its asset under management to US$785 million, equivalent to over RMB 5 billion, strengthening its leadership as one of the world’s largest Chinese government bond ETFs. (US$1 = RM4.163)

According to a statement, listed as early as February 2014, 3199.HK has achieved returns of 30.54 per cent. As of Aug 31, its average yield to maturity is 2.90 per cent and effective duration is 5.86.

Strengthened by ICBC AM (Global)’s leading expertise in China’s fixed income market, 3199.HK will continue to offer investment opportunities of China’s fast growing onshore government bond market.

The investment objective, strategy, and trading lot size of 83199.HK/3199.HK will remain unchanged with minimum investment at around RMB 206 or HKD 2,500 over 2 currency counters.

CSOP was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China. With a dedicated focus on China investing, CSOP manages public and private funds, as well as providing investment advisory services to Asian and global investors.

-- BERNAMA